Upgrade to remove ads
RE Practice Ch. 1
Terms in this set (13)
The best time for consumers to buy; characterized by large supply, small demand, and low prices.
The state division of the National Association of Realtors
California Association of Realtors
involves inviting real estate agents into a home, or more often a series of homes, listed for sale, this will attract more buyers agents that might have a buyer they can match up with that property.
NAR traning program to certify RE professionals as Internet professionals - will prepare you for more effective online communications
a comprehensive listing, updated daily, of properties for sale in a given community or metropolitan area; includes a brief description of each property with a photo and its asking price but can be accessed only by realtors
Multiple Listing Service (MLS)
generally look for properties that meet their specific needs - more likely to pay a reasonable price
highly motivated seller/desperate - price asked could be less than the sale prices of similarly desirable properties - includes those in foreclosure sales and short sales and lender owned RE
A principal trade or professional organization of real estate brokers. Members agree to abide by a code of ethics.
National Association of REALTORS
a market in which there are more buyers
The RE marketplace is a ______ based on price range. There could be a seller's market in homes priced in a certain price range and a buyers maket in another price range.
buyers who don't really have to buy - investors and speculators - often bargain hunters
unmotivated sellers - those who don't need to sell but who will sell if the price is right - place property on the market at above market prices
legally required insurance for compensating workers injured on the job
Workers' Compensation Insurance
This set is often in folders with...
RE Practice Ch 4
RE Practice Ch 5
RE Practice Ch 2
RE Practice Ch 3
You might also like...
Real Estate Practice, Edition 9, Chapter 5 Quiz
markets - econ test
Other sets by this creator
RE Principals Ch 8 Finance
RE Principals Ch 7 Contracts tender.
RE Principals Ch 6 The Law of Agency
RE Principals Ch 5 Encumbrances
Other Quizlet sets
Review for Final Exam
Intro to healthcare
Tom and Avee - call me daddy. Lecture 3 fun
Accounting Exam 1